Bankruptcy, Insolvency and Restructuring
Facing insolvency or bankruptcy is incredibly stressful. Especially when you have a business to run. And if it is your family business the upset is even worse.
Insolvency in a time sensitive issue. The longer you leave payment, the more serious the consequences can be. As such, if you or your business is struggling with debt, it is vital you take immediate action.
Our insolvency solicitors can help you with;
- Avoiding insolvency if you are in financial trouble
- Negotiating repayment plans with your creditors
- Protecting your family assets if a family member becomes insolvent
- Bankruptcy
- Corporate insolvency
- Statutory demands
- Annulment of bankruptcy
- Individual Voluntary Arrangements (IVA)
- Company Voluntary Agreements (CVA)
- Insolvency disputes (including Directors Guarantees)
- Debt management
- Financial crisis management
- Liquidation
- Receivership
The difference between insolvency and bankruptcy
Insolvency is your financial state. When you are insolvent, you are not able to pay your debts when they are due.
Individuals or businesses can become insolvent. However, the term most often refers to businesses.
There are two types of insolvency. A business can become insolvent in one or both ways at the same time.
- Cashflow insolvency: Is when your business does not have enough liquid capital to debts. But it does have illiquid assets.
- Balance sheet insolvency: Is when your company’s debts are greater than both its liquid and illiquid assets.
Insolvency can happen quickly. All it could take is the loss of a big contract, or customers failing to pay their debts.
Bankruptcy is a legal process or court order issued when a business can no longer pay its debts. This means you are already insolvent when applying for bankruptcy.
Bankruptcy may or may not the best solution for you, so it is important to seek legal advice.
Can you help keep my debt private?
We understand how sensitive debt and insolvency is. Especially for those who own businesses and people in the public eye.
When we negotiate with your creditors, we can make sure any settlement includes a confidentiality agreement. This will help to keep your debts private.
Why choose Rothera Bray?
If you are struggling to pay down your debts, we understand that it will be an emotionally tough time.
Our insolvency and bankruptcy solicitors can offer compassionate advice and provide a solution tailored to your circumstances.
We have vast experience of helping business owners and individuals with their debt, insolvency, and bankruptcy issues.
We can offer help, support and guidance on your legal position and the possible consequences of becoming bankrupt or insolvent
Send us a message

“At what can be a stressful time, our expert team will help you find the clarity you need.”
Ruth Ball
Managing Associate and Head of Insolvency
stars
Posted 25 February 2026
Great experience with Ellie from the Derby office. Her communication was great throughout, keeping me informed and explaining everything clearly. She was professional, supportive, and I particularly liked the regular structured updates.
Hannah Nesbitt
stars
Posted 24 February 2026
We recently used Rothera Bray for support with a commercial lease on our new offices and had an excellent experience from start to finish. As a charity, choosing the right solicitor was really important to us, and we approached them based on their strong local reputation. We worked with Marneya, who was fantastic throughout the entire process. He was incredibly responsive, always quick to answer emails and calls, and he went out of his way to ensure all of our questions were fully addressed. There were some unexpected changes and Marneya handled them calmly and efficiently. He liaised directly with the landlord’s solicitor and made sure everything was completed to the highest standard. Most importantly, he took the time to clearly explain every aspect of the lease so we felt confident and fully informed before signing. He was approachable, friendly, and professional at all times. We wouldn’t hesitate to use his services again and highly recommend him to others.
Julia Synnott
stars
Posted 23 February 2026
Life-saver, Lauren was brilliant. She offered quick, thorough advice that completely turned my situation around. She was understanding, engaged and direct throughout all of our conversations, and I can't recommend her more.
Employment client
stars
Posted 23 February 2026
Very professional. Very approachable. Set my mind at ease during this difficult transition of switching jobs. I will recommend your firm to my contacts and once again, thank you.
Christian Thompson
stars
Posted 23 February 2026
We were very impressed with the excellent service from Ellie & her team! They were prompt, informative & helpful from the very beginning, keeping us advised throughout the process & making our home purchase a pleasure. If we could give them 10 stars, we would! Highly recommended!
Craig Dunn
stars
Posted 20 February 2026
Absolutely delighted with Rothera Bray. Their services were quick and smooth. Sally was amazing throughout the whole process. Thankyou so much. Will definitely recommend to others and use Rothera Bray in the future again. Outstanding service! And so quick! Definitely worth the money.
Sady S
stars
Posted 20 February 2026
Sallie Poultney handled all of the work on my mother's and father's estate, and some of the other team there were involved where needs - e.g. on trust matters and handling the sale of their house, and it's all been very efficient and expertly handled. I would recommend the team there unequivocally.
Piers Wilson
stars
Posted 20 February 2026
Sara and Akeeta looked after our case when we were buying a property. They were both super helpful, polite and fast to respond, and helped chase other people when there was problems in the chain. Would recommend Rothera Bray to anyone, we’d definitely use them again!
Nadia Williams
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Posted 19 February 2026
Many thanks to the conveyancing team in Beeston for the advice and work with the house sale especially after the change of the buyers solicitor at a very late stage. The proceeds were paid very promptly into my account. Thank you Sandy and the team for all the help.
Chris Bradbury
stars
Posted 19 February 2026
Big thanks to Ellie for the super professional and friendly way she managed the selling of our house! She held our hand during the entire nerve-wrecking process we had to go through for the past year, sorting all the issues the buyers kept raising in the most absurd way, and she never lost the positive attitude and confidence that things will turn out fine! Ellie made sure we had all our documents in order and on time. If all solicitors were doing their jobs as well as she does, clients would have zero headaches!
Ana-Maria
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Posted 14 February 2026
We used Rothera Bray for the selling and buying of our property. The level of service received was great, with responses to emails and calls being quick (from Joanne and Nirvair). We asked Rothera Bray to meet quite a tight deadline as we wanted to be in our new house before Christmas, and they were very quick in ensuring everything was met for us to do so. We felt that the service provided (compared to others we have used in the past) was much better. In previous moves, we have often had to chase the solicitors for updates but this was most definitely not the case with Rothera Bray. If you are looking for a Solicitors who are on the ball and very quick to respond and keep you updated, then this is who we would recommend and who we would most certainly use again. Thank you Joanne and Nivair.
Aimee Riddell
stars
Posted 13 February 2026
Jo was warm, welcoming and spoke very clear. It made the course much easier to understand under her guidance. Thank you for a very informative and educational day which I thoroughly enjoyed.
Licensing course delegate

Richard Bates
Partner & Head of Dispute Resolution
Richard Bates leads the Dispute Resolution team at Rothera Bray. Richard is a litigation specialist and can provide a wide range of services to both commercial and private clients.

Caroline Bowler
Partner
Caroline Bowler is a partner in our Dispute Resolution team and an equine law specialist at Rothera Bray, which is the Official Legal Partner to British Dressage and The British Show Pony Society. She works from our Lace Market office and has been described as “one of the best equine lawyers” in the Legal 500.

James Carley
Partner
James is a Partner in the Dispute Resolution department and is very experienced in dealing with commercial and personal litigation matters.

Richard Hammond
Partner & Head of Risk and Compliance
Richard Hammond is a Dispute Resolution specialist and mediator at our Lace Market office in Nottingham. Richard is also a notary public, processing client documents for international use.

Nicky Calthrop-Owen
Consultant
Nicky Calthrop-Owen is an Insolvency and Restructuring Consultant and is based at Rothera Bray’s Nottingham office.

Kendal Litherland
Consultant
Kendal Litherland is a Consultant in Rothera Bray’s Dispute Resolution department and is based at our Nottingham city office.

Ruth Ball
Managing Associate & Head of Insolvency
Ruth Ball is a Managing Associate and the Head of Corporate & Individual Insolvency at Rothera Bray and is based at our Lace Market, Nottingham and Market Harborough offices.

Terhi Sygrove
Recoveries Manager
Terhi Sygrove is a debt recovery specialist and head of the debt recovery department at our Lace Market, Nottingham Office.

Jade Belcher
Associate Solicitor
Jade Belcher is an Associate Solicitor in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

Tom Barry
Solicitor
Tom is a Solicitor in our Dispute Resolution department and is based at our Lace Market office.

Amrita Johal
Solicitor
Amrita Johal is a solicitor in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

Millie Moreton
Solicitor
Millie Moreton is a Solicitor in Rothera Bray’s Dispute Resolution team and is based at our Lace Market office.

Jayde Pullar
Senior Paralegal
Jayde Pullar is a Senior Paralegal in Rothera Bray’s Dispute Resolution team and is based at our Lace Market, Nottingham office.

Eleanor Kivneen
Paralegal
Eleanor is a Paralegal in our departments for Dispute Resolution for Individuals and Dispute Resolution for Businesses. She is based at our Nottingham Lace Market office.

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